RIAs

One of the largest wealth managers aims to attract more teams out of the crop of nearly 7,000 advisors leaving employee-channel firms each year.

Among the new hires is Scott Collins, former head of brokerage independence and institutional sales consulting. He is one of many ex-TD Ameritrade alums seeking new employment after Charles Schwab acquisition’s of the firm.

Collectively, the brokers generated $167 million in annual production and oversaw $37 billion in combined client assets.

These elite producers in some cases operate far from Wall Street, even as they work for well-known wealth managers such as UBS, Merrill Lynch and Ameriprise.

Jacob Glick is accused of breach of fiduciary duty and misappropriating client funds, among other alleged misconduct.

The CEO of three-generation family firm says they wanted to remove conflicts of interest and offer banking and trust services to clients.

BNY Mellon’s custodian is growing, even as it loses some major clients amid industry consolidation.

The ex-Morgan Stanley and Merrill Lynch advisors join the wealth manager, which has been aggressively recruiting in recent months.

The firm’s aggressive hiring streak continues with the onboarding of several wirehouse advisors.

The founding partners of the 300-advisor OSJ will remain in their current roles for three years under the same structure as before the deal.